Today Creative stock is the top gainer in SGX (Singapore Exchange) and has gained more than 30% with the share price increased by 1.40 Singapore cents (at time of publishing). This stock rally is a relief for those who owned Creative share. It has since dropped by a big margin since 2004 and stay at history low for a long period of time.
For this sudden increase in share price, Creative CFO, Mr Ng Keh Long is queried by SGX to explain the sudden increase in Creative share price. Possible reason could be due to ZiiLabs' latest announcement on Zii Plaszma and Zii Egg. Below is the reply to SGX's query by Mr Ng:
3 August 2009
Singapore Exchange Securities Trading Limited
2 Shenton Way, #19-00 SGX Centre 1
Singapore 068804
Mr Glenn Seah
Vice President
Head, Market Surveillance
Risk Management & Regulation
Dear Sir,
REPLY TO QUERY REGARDING TRADING ACTIVITY
We refer to the questions posed in your letter of 3 August 2009 and wish to reply as follows:
Question 1:
Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? If yes, the information must be announced immediately.
Answer:
We are not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies, which, if known, might explain the trading.
The Company has recently made the following announcements:
On 28 July 2009:
(i) ZiiLABS Announces Zii Plaszma - an Open Standards Development Platform for Integrators and Developers to Create Customized Applications and Devices
(ii) ZiiLABS Unveils 'Shanzhai' Marketing Program with New ZMS-05 System Module
On 30 July 2009:
(iii) Creative and THX Ltd Partner to Launch THX TruStudio PC for Desktop PCs, Notebooks and Netbooks
Question 2:
Are you aware of any other possible explanation for the trading?
Answer:
We are not aware of any other possible explanation for the trading.
Question 3:
Can you confirm your compliance with the listing rules and, in particular, listing rule 703?
Answer:
The Company confirms that it has complied with the listing rules and, in particular, listing rule 703.
Yours faithfully,
Ng Keh Long
Chief Financial Officer
Creative Technology Ltd.
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